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May 03, 2016 by WTLEADS
Etihad Airways Cargo tonnage up 4 percent in 2015

Abu-Dhabi-based Etihad Airways reported its largest net profit ever in 2015, a figure that jumped 41 percent, year-over-year, to US$103 million. Low oil prices and strong demand for cargo, passenger and other ancillary services helped elevate the carrier’s profitability last year. Cargo tonnage, in particular, grew by 4 percent to 591,000 tonnes. Growth in cargo tonnage was assisted by the addition of bellyhold capacity, as well as new dedicated freighter routes. The airline said it added six new widebody passenger routes in 2015 and up-gauged several other routes.

May 03, 2016 by WTLEADS
China logistics giant (SF Express) to build own airport

SF Express is to build its own airport in the Wuhan area, according to China Aviation Daily, quoting an interview with its president Tu Wei with CAACNews. China’s largest private express company is reportedly investigating possible sites for a freight airport in South Central China although sources quoted suggest that the location will be Yanji, and the scheduled opening date 2020. Logistics companies opening and operating their own purpose-built airports are rare worldwide, but SF has a dominant position in the domestic air freight market, flying 830,000 tonnes, or 20% of the total in 2014.

May 03, 2016 by WTLEADS
Lufthansa's cargo division records first quarter ebit loss

Lufthansa’s cargo business returned to the red during the first quarter of the year as overcapacity and weak demand took their toll on the business. The Lufthansa Logistics business, which includes the cargo division, ULD specialist Jettainer and its Aerologic investment, saw first-quarter revenues drop by 21.8% year on year to €480m. Earnings before interest and tax (ebit) slipped to a loss of €19m compared with a €52m profit a year ago. Last year the German airline group’s logistics division recorded ebit losses during the second and third quarters.

May 03, 2016 by WTLEADS
Terror attacks hit Brussels Airlines cargo

Brussels Airlines says its cargo traffic in March was sharply down, due to the terrorist attacks on its home airport on March 22. The Lufthansa Group subsidiary said that cargo traffic was largely interrupted after that date and that the total of 2,609 tonnes reflected a decrease of 21% compared with March 2015. Until March 21, cargo load factor amounted was 69%, it added. March passenger figures also reflected the events of 22 March, which was followed by a 12-day total closure of the airport. Until March 21, cargo load factor amounted was 69%, it added.

April 28, 2016 by WTLEADS
Panalpina sees air cargo volumes jump despite tough market conditions

Panalpina recorded a market-beating 5% increase in airfreight volumes during the first quarter of the year as it counteracted a tough oil and gas market but pre-tax earnings declined. The Switzerland-based freight forwarder recorded first-quarter air cargo volumes of 216,000 tons compared with 205,000 tons for the same period in 2015. It said the air cargo market had shrunk by around 3% during the period. In contrast, Switzerland-based rival Kuehne+Nagel reported a small drop in airfreight demand for the period.

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